Springing Power of Attorney
Springing Power of Attorney
I, [Your Name], residing at [Your Company Address], hereby establish this Springing Power of Attorney on this 20th day of August 2050, at 456 Oak Street, Springfield, IL 62704, to manage and make decisions regarding my affairs, properties, and assets in the event of my incapacity.
I. Designation of Agent
I designate Naomi Ortiz, residing at Irving, TX 75038, as my attorney-in-fact (Agent) to act on my behalf under this Power of Attorney.
II. Springing Event
This Power of Attorney shall only become effective upon the occurrence of the following specific event: "the determination of my incapacity by one or more licensed physicians." This clause ensures that the Power of Attorney only comes into effect when the Principal is deemed incapacitated by medical professionals.
III. Scope of Authority
My Agent shall have the authority to act on my behalf in all matters, including but not limited to:
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Managing my finances.
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Making healthcare decisions, including consenting to or refusing medical treatment.
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Signing legal documents and contracts.
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Accessing and managing my digital assets.
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Any other lawful act or decision is necessary to manage my affairs.
IV. Effective Date and Duration
The Power of Attorney that has been granted will continue to stay in effect until such time that the specified triggering event takes place, or unless I choose to revoke it through a formal written declaration.
V. Revocation Clause
If mentally sound and aware, the Principal can revoke this Power of Attorney at any time before activation through written notice to the Agent. Revocation must be communicated in writing and delivered to the designated Agent by the Principal.
This clause ensures that the Principal maintains full control over the Power of Attorney and can withdraw it if circumstances change or if they no longer wish to grant authority to the Agent.
VI. Specific Powers
The Agent is authorized to exercise all powers necessary to manage and make decisions regarding the Principal's financial, healthcare, and legal affairs, including but not limited to:
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Accessing bank accounts and managing finances.
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Making healthcare decisions and consenting to medical treatment.
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Handling legal matters and signing documents on behalf of the Principal.
VII. Governing Law
This Power of Attorney shall be governed by and construed under the laws of Illinois, United States.
VIII. Miscellaneous Provisions
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Severability: If any provision of this Power of Attorney is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
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Interpretation: Any ambiguities or disputes arising from the interpretation of this Power of Attorney shall be resolved under the laws of Illinois, United States.
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Entire Agreement: This Power of Attorney constitutes the entire agreement between the parties concerning the subject matter herein and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.
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Revocation: I reserve the right to revoke this Power of Attorney at any time, provided I am of sound mind and capable of making such decisions, by executing a written revocation and delivering it to my Agent.
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Indemnification: My Agent shall be indemnified and held harmless for any actions taken in good faith under this Power of Attorney.
In witness whereof, I have executed this Springing Power of Attorney on the date first above written.
ACKNOWLEDGEMENT OF THE PRINCIPAL
This Power of Attorney shall be effective immediately upon my signature and shall remain valid until my explicit and written revocation.
[Your Name]
August 20, 2050
ACCEPTANCE OF THE AGENT
I, Naomi Ortiz, acknowledge that I have read and understood the terms and responsibilities outlined in this Power of Attorney document. I accept the appointment as Agent and agree to act under the instructions and limitations provided herein.
Naomi Ortiz
August 20, 2050
WITNESS ACKNOWLEDGEMENT
We, the undersigned witnesses, hereby acknowledge that the above-named Principal has signed this Power of Attorney in our presence on the date stated above.
Baby Bartell
August 20, 2050
Salvador Green
August 20, 2050
NOTARY ACKNOWLEDGEMENT
On this 20th day of August in the year 2050, before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
Witness my hand and official seal.
Notary Public's Name: Malvina Jones
My Commission Expires: August 20, 2055
